13th November 2023

In today’s class, we discussed about time series analysis. Time series analysis can be used to forecast parameters in the future by establishing trends from existing data. In today’s session, we saw how time series analysis could have been applied to police shooting data and how shooting trends could have been studied. A second application was demonstrated using data from economic indicators. Time series analysis revealed that comparable trends in hotel prices in different months were seen throughout a 7-year period (2013-2019). We also discussed the new dataset, and I checked it for economic indications. The Boston Redevelopment Authority offered this dataset, which included several economic variables.

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